Industrial development bond definition
Industrial development bond means any security or other instrument, other than a utility first mortgage obligation, under which a payment obligation is created, issued by or on behalf of a governmental unit, to finance a project serving a private industrial, commercial or manufacturing purpose, and not payable or guarantied by a governmental unit.
Industrial development bond means those obligations issued by the Commonwealth and its issuing
Industrial development bond means a security or other instrument under which a payment obligation is created, issued by or on behalf of a governmental unit to finance a project serving a private industrial, commercial, or manufacturing purpose and not payable or guarantied by a governmental unit. 22.1(4) “Investment grade” means having a rating of not less than Baa3 by Moody’s Investors Service or BBB- by Standard and Poor’s Corporation, or a comparable rating by any nationally recognized rating service, or a rating of not less than 2 by the National Association of Insurance
More Definitions of Industrial development bond
Industrial development bond means any security or other instrument, other than a utility first
Industrial development bond means any security or other instrument under which a payment obligation is created, issued by or on behalf of a governmental unit to finance a project serving a private industrial, commercial or manufacturing purpose and not guaranteed by a governmental unit.
Industrial development bond means any obligation requiring allocation from the state ceiling for
Industrial development bond means a security or other instrument under which a pay- ment obligation is created, issued by or on behalf of a governmental unit to finance a project serving a private industrial, commercial, or manufacturing purpose and not payable or guarantied by a govern- mental unit.
Industrial development bond means any general obligation or revenue bond issued by any political subdivision of the State for the purpose of financing the purchase or lease of land; the purchase or con struction, including reconstruction, improvement, expansion, extension and enlargement, of buildings and appurtenances; and the purchase and installation of machinery, equipment or fixtures, when such purchases or leases are made primarily for sale or continuing lease to a private individual, partnership or corporation for use in connection with the operation of an industrial enterprise;
Industrial development bond means any bond which constitutes an industrial development bond as defined in Section 103(b)(2) of the 1954 Code.
Industrial development bond means any obligation the interest on which is exempt from income taxes under the provisions of s. 103(b) of the United States Internal Revenue Code and the payment of the principal or interest on which under the terms of such obligation or any underlying arrangement is, in whole or in major part: